Duplex! Excellent investment property with strong occupancy record and CAP rate. Great neighborhood and location in south Salem, convenient access to Commercial St. or Liberty Rd and I-5. Very clean and well maintained. Each single-level unit has spacious fully fenced yard, off-street parking w/attached garage. Possible low down FHA/VA financing w/owner occupancy of vacant unit supplemented by a great rental rate and revenue from long-term tenant in second unit. High tenant demand in queue for the next investor.
Sold
$450,000
425-427 Madrona Ave S, Salem, OR 97302
4beds
1,728sqft
Multi Family
Built in 1977
-- sqft lot
$497,300 Zestimate®
$260/sqft
$1,747 Estimated rent
Home value
$497,300
$472,000 - $527,000
$1,747/mo
Zestimate® history
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$2,749/mo
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Zillow last checked:
Listing updated:
Listed by:
Gerald Furgala 281-701-6689,
Windermere Willamette Valley
Bought with:
OR and WA Non Rmls, NA
Non Rmls Broker
Source: RMLS (OR),MLS#: 24071805
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Appliances
- Included: Dishwasher, Disposal, Range, Refrigerator, Electric Water Heater, Tank Water Heater
Features
- Basement: Crawl Space
Interior area
- Total structure area: 1,728
- Total interior livable area: 1,728 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 1
- Has view: Yes
- View description: Territorial
Lot
- Size: 8,712 Square Feet
- Features: SqFt 7000 to 9999
Details
- Parcel number: 572770
- Zoning: RM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Stem Wall
- Roof: Composition
Condition
- Year built: 1977
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Salem
Financial & listing details
- Price per square foot: $260/sqft
- Annual tax amount: $3,415
- Date on market: 2/9/2024
- Cumulative days on market: 4 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 1489
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 3/14/2024 | Sold | $450,000+2.5%$260/sqft |
Source:  RMLS (OR) #24071805 Report a problem | ||
| 2/14/2024 | Pending sale | $439,000$254/sqft |
Source: RMLS (OR) #24071805 Report a problem | ||
| 2/9/2024 | Listed for sale | $439,000$254/sqft |
Source: RMLS (OR) #24071805 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Southwest
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Nearby schools
GreatSchools rating
- 2/10Salem Heights Elementary SchoolGrades: K-5Distance: 0.1 mi
- 3/10Crossler Middle SchoolGrades: 6-8Distance: 2.2 mi
- 6/10Sprague High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Salem Hts
- Middle: Crossler
- High: Sprague
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$497,300
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$497,300
- Oregon
- Marion County
- Salem
- 97302
- Southwest
- 425-427 Madrona Ave S
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